Mortgage Modifications in Rhode Island
One of the best mortgage modifications attorneys in RI
If you are unable to make your full mortgage payments and you live in Rhode Island there is a solution for you. You can save your home and reduce your stress. Rhode Island is one of only three states in the country which have laws that govern mortgage modifications. In a mortgage modification,in many circumstances, your mortgage can be reduced, to a payment which you can afford. In addition, overdue payments, fees, and penalties are added to the end of the mortgage not tacked on top of existing monthly payments.
Changing circumstances can make your existing payments beyond your best ability to pay. Many Rhode Islanders become overextended because of a health crisis, family difficulties or a change in your employment status. Sometimes even losing overtime pay can make the difference between being able to make a mortgage payment and not making a mortgage payment.
The potential of losing your house can cause intense stress and be destabilizing for a family. Mortgage modification is not a solution that is appropriate for everyone who is behind on their house payments, but it works for many, many people. You can quickly find out today if a mortgage modification would work in your circumstance by calling 401-467-7998 and asking us questions about your particular circumstances. The absolute best time to find out what your options are is right now.
We file dozens of mortgage modifications every year and our office has handled hundreds of cases. We work regularly with many of the banks, loan originators, mortgage brokers and secondary market players that do home loans in Rhode Island. We very well may know the company that holds your mortgage from our past clients and we have a very good sense of what is possible and also what the law mandates. Many people consider us one of the best places to help consumers with a mortgage modification. The state law recognizes that sometimes people can find themselves in circumstances in which they need help.It also can benefit lenders to move clients who are unable to repay their loan to clients that are able to make their mortgage payment with a smaller payment.
Whether your circumstances are because of a first mortgage, a second mortgage or a home loan we can help. The absolute best time to call about this situation is today. We have seen all types of circumstances and look forward to supporting and helping you in your situation. You can reach us at 401-467-7998.
